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Frequently asked questions about Wills, Trusts and Inheritance Tax

Below are some of the questions clients ask our team. Click on the questions to find out more.

 

Why should I make a will?

 

Is making a will complicated and expensive?

Not necessarily. Our expert team offers a value-for-money service and clear, straightforward advice. Before drafting your will, we will meet with you to discuss your specific requirements and circumstances. By getting to know you, our expert team can provide you with sensible, practical suggestions on how best to plan your estate.

What's more, we will design your will to take account as far as possible of any future changes in your circumstances, keeping your future legal costs to a minimum. We can also advise you on how to make provision to reduce, or avoid altogether any inheritance tax payable on your estate, ensuring that your loved ones gain the maximum benefit from any bequest you make.

 

 

What is inheritance tax and how can I reduce the amount payable on my estate?

 

When should I make a will?

 

Can I change my will, and how often should I review it?

 

What are the main tax benefits of setting up a trust?

 

Who should I appoint as trustees?

 

How long should the trust last for?

 

How are trusts taxed?

 

What is the threshold for Inheritance Tax?

 

Are there any exemptions from Inheritance Tax?

 

Can I reduce my Inheritance Tax liability by giving family members their inheritance before I die?

 

My partner and I are not married - how can we reduce our inheritance tax liability?